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Mar 13 - 04:55 PM

AUD/USD - Ahead Of Next US Data Dump US Dollar Buying Fades

By Christopher Romano  —  Mar 13 - 01:55 PM
  • NY opened near 0.6610 after 0.6601 traded overnight, the rally extended

  • Riskier assets firmed as softer US yields US10YT=RR weighed on the US$

  • USD/CNH fell below 7.1900 after rallying to 7.2025 (D3) in Europe's morning

  • Equities ESv1 bounced off the low, goldXAU= neared its recent trend high

  • AUD/USD neared Tuesday's high, traded 0.6635, was up +0.44% late in the day

  • Techs lean bullish; AUD/USD traded above the 55-DMA & daily cloud base

  • Rising daily & monthly RSI reinforce bull signs, imply upward momentum

  • US Feb. Retail sales, PPI & weekly claims may impact risk sentiment Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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